Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

"Overall, market sentiments were negative for the full week coupled with many global as well as local events," Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments said. Image Source: IANS

Six of 10 most valued companies took a combined hit of Rs 38,221 crore in their market valuation last week, with Coal India Ltd (CIL) bringing up the maximum losses, as the benchmark Sensex lost nearly 1%.

The market capitalisation (mcap) of CIL was hit the most as it fell by Rs 12,001.08 crore to Rs 1,82,037.5 crore, while the market valuation of ITC plummeted by Rs 11,210.44 crore to Rs 2,74,565.01 crore.

"Overall, market sentiments were negative for the full week coupled with many global as well as local events," Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments said.

In terms of ranking of the top 10 firms, TCS retained its numero uno status followed by RIL, HDFC Bank, ITC, ONGC, Infosys, SBI, HDFC, CIL and HUL.

For the week, the Sensex lost 257.62 points, or 0.96%, and the NSE Nifty 122.30 points, or 1.48%. The weekly decline is the biggest since November 18, when the Sensex registered a fall of 668.58 points and the Nifty 222.20 points.